EU Investment Policy as the Basis for Sustainable Development: Implementation Prospects in Ukraine

Abstract

Ukraine has no state investment policy capable of securing the achievement of sustainable development goals. The purpose of this article is to analyze the experience of the European Union (EU) regarding the use of the investment policy for sustainable development and, on this basis, to offer the provisions to be further taken into account when forming the investment policy of Ukraine to achieve the sustainable development goal. The authors focus on the investment policy of the EU countries, as the Czech Republic, Poland, Hungary, Germany, Austria, Britain, France, Italy, and Greece. The analysis of the investment policy of these countries revealed both positive and negative aspects. Based on the experience of the EU countries, it was suggested what positive approaches of the investment policy of the European countries should be considered in the laws of Ukraine. Based on the principles of investment policy development for sustainable development proposed in the UNCTAD report, national sustainable development paradigm of Ukraine and EU countries’ experience, the authors defined what the investment policy of Ukraine should be like in terms of sustainable development.